Michael Long Leases Office Space To Marbella Med Spa At 37-44 82nd Street In Jackson Heights
37 44 82nd Street
$60
$60/SF
Building Size
1,400 SF
Asset Type
Office
Closing
Mar 31, 2025
About this deal
AI
The property involved in this transaction is an office space located at 37-44 82nd Street in Jackson Heights. The asset encompasses a total area of 1,400 square feet with an asking rent of $60 per square foot. The lease agreement is structured as a modified gross lease for a term of 10 years.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $60/ft
- Lease Term: 10 years
- Lease Type: Modified Gross Lease
- Landlord: Michael Long
- Tenant: Marbella Med Spa
- Landlord's Representative: Luca DiCiero, Faisal Gilani & Damian Dakas - NY Space Finders
- Tenant's Representative: Melissa Grasso - Sholom & Zuckerbrot Realty
The deal involves key representatives from NY Space Finders and Sholom & Zuckerbrot Realty, with Luca DiCiero, Faisal Gilani, and Damian Dakas representing the landlord, while Melissa Grasso represents the tenant in this lease transaction.
On the Map
$60
$60/SF
Office
View full map
Players
Jackson Heights Office Market Snapshot
Boundary boundary · Office · Lease transactions
Loading comparables…
Deal FAQ
Visit Faisal Gilani to view all their deals.
Browse Jackson Heights office leases on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
264383.33%
Cash-on-Cash
-75561.57%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93